Strategy "The Range

[Aab juve]

Strategy "The Range"M15This strategy is based on the readings of 4 moving averages and RSI, which allows us to have a powerful signal about a start of a trend and follow it. In essence, the strategy suits best for intraday trading, but a position may remain opened for a few days if the trend is powerful enough.Recommended time-frames: M15, M30, H1. When using the M15 time-frame, you'd better not keep your positions opened overnight or enter the market as there will be more false signals.Trading system configuration: 16- and 30-period red EMAs 12-period green WMA 5-period black WMA 19-period RSI with a line at 50.Two red moving averages form a range that signals about the start and the end of the trend line. Two weighted averages indicate market entry and exit points. A position should be opened when the range is narrow or when its borders intersect.